January 18, 2011 – On average, IT workers will receive a 2.8-percent pay raise in 2012, according to “2012 IT Salary Report” from Computer Economics. This number is lower than the 3.4-percent rise in the Consumer Price Index for the 12-month period through November 2011.
IT workers will get some sort of increase, though the percentage varies. Organizations at the 75th percentile are budgeting for a 3-percent wage increase for employees. Organizations at the 25th percentile are increasing salaries for existing employees by 1.8 percent, which is an improvement over the bottom quartile’s no-raise policy last year.
The report’s findings – based on a fourth-quarter survey of more than 130 U.S.-based IT organizations – also indicate that IT hiring across all sectors will remain weak in 2012, especially among large organizations. “If the domestic economy continues to improve, we anticipate some upward pressure on wages, however,” the report states. “IT organizations will need to take steps to retain key workers due to the rise in voluntary turnover rates. Voluntary turnover rate for IT organizations, after dropping to nearly 2 percent in 2010, is on track to return to normal levels in 2012.”
The Computer Economics expects turnover to increase from 4 percent in 2011 to 5 percent, and IT organizations will face demands for higher pay from some workers.
This story originally appeared at Insurance Networking News.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access